Multiple Choice
A particular brand of shampoo costs 6 Canadian dollars in Toronto.The nominal exchange rate is about 1.2 and the real exchange rate is .90.These numbers imply that the U.S.dollar price of the same shampoo is about
A) $7.99
B) $6.49
C) $5.39
D) $4.49
Correct Answer:
Verified
Correct Answer:
Verified
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